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Dauphin County considers $8.3 million loan guaranty for authority building buy

1100 s.jpg

The Dauphin County Industrial Development Authority is considering buying this Harrisburg office building, 1100 S. Cameron St., that houses the offices for some of the county's human services.
(JEFF FRANTZ)

In order to buy the building at 1100 South Cameron Street, the IDA would need the county commissioners to guaranty the bonds the IDA issues to cover the purchase price, which is expected to be around $8.275 million, said IDA solicitor Mark Stewart.

The county is in the first year of a 10-year lease with the building's owner, 1100 Associates. The county's Drug and Alcohol program and its Case Management offices fill nearly all the office space, Stewart said. If the IDA buys the building, the county is expected to save $3.1 million in rent over the life of the lease, Stewart said.

The IDA bonds, and the building, would be tax-exempt, Stewart said. That would require the county to lease the building primarily to county or state departments, or to nonprofits.

The commissioners will vote on the guaranty Nov. 20. They sounded receptive Wednesday.

Commissioner Jeff Haste noted that the building is convenient for many of the case management clients, and has ample parking.

Commissioner George Hartwick III said any savings realized from the lease deal, should be put back into human services.

If the commissioners approve the guaranty, the IDA hopes to close the deal before the end of the year, Stewart said.

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